|By Marketwired .||
|June 2, 2014 09:49 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/02/14 -- EFT Canada Inc. ("EFT" or the "Company") (TSX VENTURE: EFT) is pleased to announce the appointment of Mr. Linden (Lin) Fellerman as a Director to the Board of Directors (the "Board") with immediate effect subject to the approval of the TSX Venture Exchange.
Lin Fellerman founded San Diego based Secure Payment Systems in 1996 and serves as its Chief Executive Officer and President. Mr. Fellerman has over 35 years of entrepreneurial experience in transaction processing, risk management, and payment processing solutions. Mr. Fellerman is nationally recognized as one of the leading payment service industry risk management experts and, during his 10 years as the President of what is today Certegy Check Services, a division of internationally renowned FIS, he helped develop many of the proprietary algorithms used nationwide today.
Jonathan Pasternak, CEO said "The Board and I are very pleased that Lin is joining the EFT Canada Board as a Director. With his vast and in-depth industry experience, Lin will be a strong contributor to the Board."
EFT CANADA INC.
Founded in 2003 and headquartered in Toronto, Ontario, EFT Canada, a leading financial services firm, offers small and medium sized businesses a broad range of innovative and electronic payment solutions, including Canadian and U.S. electronic funds transfer (ACH/EFT), credit card payment processing gateway (PCI DSS Level 1), gift and loyalty programs and fraud prevention services. For more information, please visit www.eftcanada.com.
SECURE PAYMENT SYSTEMS, INC.
Founded in 1996, San Diego based Secure Payment Systems (www.securepaymentsystems.com) provides payment processing solutions to over 10,000 retail, wholesale, and corporate endpoints across North America. SPS facilitates the transfer of value by providing businesses with a full range of transaction processing, reporting, and risk management tools so they may quickly and confidently accept payments, pay vendors, or transfer funds at the POS or on the WEB. These solutions include electronic gift & loyalty rewards processing, deferred payment programs allowing consumers to stretch retail purchases up to 12 months, automated origination of recurring & one-time ACH debits and credits, and electronic remote check imaging & deposit.
This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ significantly from those projected herein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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